U.S. gasoline stocks remain stubbornly high despite record demand from motorists, a situation that will probably force refiners to cut crude processing over the next few months and prioritize production Continue Reading
As the Canadian oil-sands hub of Fort McMurray, Alberta, battles to rebuild after wildfires that ripped through in May, the industry that made it a boomtown is contemplating the end Continue Reading
Few technological breakthroughs have had the social and economic impact of the automobile. It changed America’s geography, spawning suburbs, shopping malls and sprawl as far as the eye could see. Continue Reading
Roughnecks at work The rig count has rebounded from the lows seen in late May, a small indication that oil companies in the U.S. could begin drilling anew. Shale drilling Continue Reading
Oil markets rose on Friday, recovering some ground after a smaller-than-expected draw in U.S. crude inventories triggered a selloff the previous session, sending prices to two-month lows . According to Continue Reading
Crude prices bounced back on Friday from two-month lows hit in the previous session, but benchmark Brent was in line for its largest weekly decline since January as bearish economic Continue Reading
Shell Offshore rig Crude is lacking conviction to finish the week – being pushed and prodded around: caught in the undertow of rising equity markets, but being held in check Continue Reading
The levels of diesel, gasoline and heating oil in storage tanks in Europe this week are so high they are causing delivery backlogs and are casting doubt on whether demand Continue Reading
Two projects worth $45 billion announced this month show the world’s largest oil companies are regaining the confidence to make big investments, emboldened by rising crude prices and low costs Continue Reading
Satellite images provided to the Washington Post by Stratfor, a U.S. geospatial research firm, show tiny, makeshift refineries popping up in Mosul oil fields controlled by ISIL. With its refineries Continue Reading
